You want to buy a car, and a local bank will lend you $$25,000.$ The loan will be fully amortized over $5$ years $(60$ months$),$ and the nominal interest rate will be $5\%$ with interest $p$

monthly. What will be the monthly loan payment? What will be the loan's EAR? Do not round intermediate calculations. Round your answer for the monthly loan payment to the

nearest cent and for EAR to two decimal places.

Monthly loan payment: $

EAR:

$\%$